v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (5,738,528) $ (445,105)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 533,223
Common stock issued for vendor services 317,500
Depreciation 889
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (609,923)
Accounts payable and accrued expenses 895,708 380,009
Net cash used in operating activities (4,601,131) (65,096)
Cash flows from investing activities    
Additions to oil and natural gas properties, full cost method (17,512,053)
Prepaid exploration costs and deposits (10,494,154) (868,907)
Purchases of property and equipment (17,785)
Net cash used in investing activities (28,023,992) (868,907)
Cash flows from financing activities    
Collection of subscription receivable 90,000
Proceeds from issuance of common stocks, net 67,331,660 1,150,140
Payment to related party (775,000)
Proceeds from business combination with Pelican 10,993,625
Payment of transaction costs (7,823,035)
Net cash provided by financing activities 69,817,250 1,150,140
Net increase in cash and cash equivalents 37,192,127 216,137
Cash and cash equivalents — beginning of period 231,058
Cash and cash equivalents — end of period 37,423,185 216,137
Supplemental disclosures of Cash Flow Information:    
Cash paid during the year for interest
Cash paid during the year for income taxes
Supplemental Non-Cash Information:    
Common stock issued in settlement of related-party liability $ 306,250